Bond association looks ahead, announces new leadership

The third general assembly of the Việt Nam Bond Market Association was held on October 26 in Hà Nội. — Photo VCB News

HÀ NỘI — Deputy Minister of Finance Trần Văn Hiếu urged measures to boost the bond market at the third general assembly of the Việt Nam Bond Market Association Wednesday.

At the meeting, the association elected the executive board for the 2016-19 term, including 23 members, with deputy general director of Vietcombank, Phạm Thanh Hà, becoming the association’s chairman.

Hiếu said the Government will focus on stably developing primary and secondary markets for Government bonds and introduce new bond products to meet investor demands.

Hiếu said Government bonds will be restructured to ease debt payment pressures.

In addition, corporate bond legal frameworks will be improved to create favourable conditions for companies to raise capital through issuing bonds and to attract foreign investors toward the corporate bond market.

Nguyễn Thị Hồng, Deputy Governor of the State Bank of Việt Nam, urged the association to work closely with relevant agencies on measures to boost the bond market in line with the monetary market, developing derivatives markets and diversifying bond products to ease pressure on the banking system. — VNS